Cost Engineer

KPIT; Chennai District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

KPIT in Chennai is seeking a Cost Engineer (Mechanical) with 3-8 years of experience to drive should-costing, cost modeling, and cost analysis across fabrication, machining, casting, forging and plastics.

You will develop and maintain cost models, perform cost analysis to identify drivers, support supplier negotiations, and collaborate with engineering, manufacturing and procurement to drive cost reductions.

Qualifications

• Should-costing and cost analysis across fabrication, machining, casting, forging and plastics.
• Ability to develop and maintain cost models and analyze cost drivers.

Responsibilities

• Develop and maintain should-cost models for components and assemblies
• Perform detailed cost analysis to identify key cost drivers
• Support supplier negotiations using cost insights and benchmarking
• Collaborate with engineering, manufacturing, and procurement teams
• Conduct market research on material costs and industry trends
• Identify and drive cost reduction initiatives
• Provide costing insights for new product development and sourcing decisions

Skills

Should Costing & Cost Modeling

Cost Analysis & Benchmarking

Manufacturing Costing

BOM analysis & cost breakdown

Supplier cost validation & negotiation

Analytical & problem-solving skills

Job description

Cost Engineer (Mechanical)

Location: Chennai

Experience: 3-8 Years

Role Overview

We are looking for a Cost Engineer with strong expertise in should-costing and cost analysis across manufacturing processes such as fabrication, machining, casting, forging, and plastics. The role focuses on delivering accurate cost estimates and identifying cost optimization opportunities across the product lifecycle.

Key Skills

• Should Costing & Cost Modeling
• Cost Analysis & Benchmarking
• Manufacturing Costing (casting, machining, fabrication, plastics)
• BOM analysis & cost breakdown
• Supplier cost validation & negotiation support
• Strong analytical and problem-solving skills

Responsibilities

• Develop and maintain should-cost models for components and assemblies
• Perform detailed cost analysis to identify key cost drivers
• Support supplier negotiations using cost insights and benchmarking
• Collaborate with engineering, manufacturing, and procurement teams
• Conduct market research on material costs and industry trends
• Identify and drive cost reduction initiatives
• Provide costing insights for new product development and sourcing decisions